FintechDaily Staff – Page 272

Klarna Reduces Losses by 50% and Anticipates Profitability Return

Klarna is set to achieve profitability before the end of 2023, as indicated by the company’s first quarter results, which reveal that it has significantly...

Ex-Bank Employee Sentenced to Prison for £130,000 Fraud Scheme

A former bank employee and his accomplice have received a combined sentence of five years and seven months in prison for stealing £130,000 from customer...

Wholesale CBDCs More Likely to Be Issued in the Near Term Than Retail Versions

There has been a significant increase in experiments and pilots involving wholesale central bank digital currencies (CBDCs) over the past year, according to the Bank...

Sam Altman’s Worldcoin Initiative Secures $115 Million in Funding

Sam Altman's Tools for Humanity has successfully raised $115 million for Worldcoin, an initiative aimed at creating an identity and financial network through the distribution...

Deutsche Börse Launches Live Spot Trading Platform for Cryptocurrency Assets

Deutsche Börse has officially launched a regulated spot platform for institutional trading in crypto assets. Initially, trading on the Deutsche Börse Digital Exchange (DBDX) will...

Mexican Fintech Company Clip Secures $100 Million in Funding

Mexican payments and commerce firm Clip has successfully raised $100 million in a financing round supported by funds managed by Morgan Stanley Tactical Value and...

Google Ventures Invests in CUR8, a Platform for Carbon Removal Market Development

Google Ventures has led a £5.3 million pre-seed funding round for CUR8, a market-making platform for carbon removals. Founded last year by Azimo co-founder and...

North Korean Hackers Set to Liquidate $40 Million in Stolen Bitcoin

North Korean cybercriminals are anticipated to liquidate $40 million in stolen bitcoin in the coming days. According to the FBI, within the last 24 hours,...

Instant Payments and Generative AI: The Key Catalysts Shaping the Industry

Digitization and the benefits of modern technology were central themes during the afternoon sessions at EBAday in Lisbon, Portugal. In the first digitization panel, Olivier...

Elifinty Launches: A New Financial Wellness Fintech Solution

UK startup Elifinty has introduced its open banking-based "socially conscious" debt management platform aimed at helping consumers and creditors navigate the often fragmented and confusing...